Delaware Code Title 18 Sec. 2701 – Scope of chapter
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This chapter applies to all insurance contracts and annuity contracts other than:
(1) Reinsurance;
(2) Policies or contracts not issued for delivery in this State nor delivered in this State;
(3) Wet marine and transportation insurance; and
(4) Funding agreements.
18 Del. C. 1953, § ?2701; 56 Del. Laws, c. 380, § ?1; 80 Del. Laws, c. 268, § 3;
Terms Used In Delaware Code Title 18 Sec. 2701
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302